Today there are almost 89% of people who are aware of what Bitcoin is, and due to this rapid growth of Bitcoin’s popularity, many applications are introducing facilities through which you can buy Bitcoin on their platform. But why are companies introducing Bitcoin on their platform? Well, because of its popularity and also it helps people to make investments. So what applications have this option? Well, there are many, but the most common one is Cash App because it is a transactional app that is used for day-to-day transactions. Now, the question comes, how to buy Bitcoin on Cash App? Well, don’t be worried; in this article, we will discuss how you can buy and withdraw Bitcoin through Cash App.
Buy Bitcoin On Cash App?
Cash App cares for its users very much, and for that, they try to bring more services and features into the application, not only this much but also the process of using those features is quite easy. For instance, here you will know how you can buy Bitcoin on Cash App, which is absolutely one of the easiest procedures. Here is how to do that.
For the very first, you need to have the Cash App installed on your phone.
Then, log in to your Cash App account.
On the home screen, click on the Investing Button (Rising Curve).
Then you will see two options, Buying Stocks and Bitcoin; click on Bitcoin.
After that, you need to choose the amount of Bitcoin you would like to buy.
If you want a custom amount, you may click on the Three Dots and enter the custom amount.
Next, you will see a confirmation screen where it will ask for some details of the transaction, for instance, the amount of Bitcoin to be purchased, exchange rate, fees, and funding source, etc.
Now once you’re satisfied with the details, click on the Confirm Button; it may ask for Cash PIN or Touch ID. Confirm it.
After you’re done with this, you will see that Bitcoin is added (mostly immediately) into your account.
Just like the procedure of adding Bitcoin, the process of withdrawing BTC is also simple. Here is how you can do that.
First, install and log in to your Cash App account (which has the BTC).
Then, on the home screen, click on the Investing Section (Rising Curve).
After that, you will see two options of Stocks and Bitcoin; click on Bitcoin.
Then click on the Withdraw Bitcoin button.
You now need to either enter the Wallet Address or Scan with a QR code.
Now you have to confirm the transaction by entering a Cash PIN or use Touch ID.
Once you’re done with this, the amount will be withdrawn and will be sent to the account in about 30 minutes.
Isn’t the process way easier than you expected? So now you know how you can withdraw Bitcoin on a Cash App. But still, a few people may have some queries related to Bitcoin & Cash App. Let us also discuss a few of them.
Q: How much (Bitcoin) can I withdraw on a Cash App?
A: First, you need to know that you can withdraw at least 0.001 Bitcoin. Otherwise, you may not be able to withdraw. Also, there is a limit to Bitcoin withdrawal, i.e., you can only withdraw about $2000 in 24 hours and $5000 every seven days.
Q: I’ve sent the Bitcoin, still the person has not received it?
A: Usually, all the transactions made to the different accounts may take around 30 to 40 minutes as the transaction goes through multiple verification steps.
Q: It has been more than 1 hour still the BTC is not received?
A: If that’s the case, then you don’t need to be worried because as long as you’re using a Cash App, your money is all safe. If the BTC is not sent to the other person in 24 hours, it will be reverted to your account in the next 3 business days (at max).
Q: The amount is not credited to the receiver’s account but is debited from my account; it has been more than 3 days?
A: This is a rare case, but if it happens, then you need to immediately connect with the Cash App Customer Support Team and let them know the exact cause. They will assist you in the best possible manner. They’re available on Live-Chat, Email, and on Toll-Free Number.
Q: What if I’ve sent BTC to the wrong wallet?
A: You can’t get the BTC back if you’ve sent it to the wrong person because due to the highly encrypted address, it is not possible for anyone to know the receiver. So always double-check whether or not you’re sending the BTC to the right wallet address. We highly recommend you use a QR code because that’s safer than entering manually.